Alphabet (GOOG) In the Spotlight Today

Alphabet rose 2.15% during the afternoon session to $104.13 per share. As reported by Barrons: "Google on Tuesday announced the launch of a beta version of Bard, a generative artificial-intelligence chatbot. The company has opened Bard up to a limited number of users-you can sign up now and get on the wait list." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.

Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of 27.16 and an average price to book (P/B) ratio of 6.23. In contrast, Alphabet has a trailing 12 month P/E ratio of 22.64 and a P/B ratio of 4.864.

Alphabet has moved -27% over the last year compared to -12.41% for the S&P 500. Alphabet has a 52 week high of $144.16 and a 52 week low of $83.45.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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